Manchester Educational Foundation Inc
- Assets
- $1.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 67
- Location
- Yazoo City, MS
- Founding
- 07/1990
- Data as of
- 06/2023
- EIN
- 64-0598218
Organization Overview
Manchester Educational Foundation Inc is located in Yazoo City, MS. The organization was established in 1990. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Manchester Educational Foundation Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Manchester Educational Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A COLLEGE PREPARATORY SCHOOL ACTIVELY SEEKING TO ENSURE THAT EACH STUDENT DEVELOPS IN BODY, MIND AND SPIRIT IN THE PURSUIT OF ACADEMIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATING OF A SCHOOL, INCLUDING ACADEMIC AND EXTRACURRICULAR ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Druey President | OfficerTrustee | 2 | $0 |
Dan Bradshaw Vice Preside | OfficerTrustee | 2 | $0 |
Mary Barton Foster Secretary/tr | OfficerTrustee | 2 | $0 |
Bryan Dendy Headmaster | Officer | 40 | $118,775 |
Nathan Burton Director | Trustee | 1 | $0 |
Rob Dixon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,033,830 |
| Investment income | $13,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,379 |
| Net Income from Fundraising Events | $114,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,919 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,158,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,351,056 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $109,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,027 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,933 |
| Office expenses | $38,573 |
| Information technology | $20,628 |
| Royalties | $0 |
| Occupancy | $290,627 |
| Travel | $2,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,864 |
| Interest | $8,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,971 |
| Insurance | $61,134 |
| All other expenses | $29,838 |
| Total functional expenses | $2,450,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,350 |
| Savings and temporary cash investments | $21,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,386 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,223 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,099,435 |
| Investments—publicly traded securities | $535,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,811,186 |
| Accounts payable and accrued expenses | $165,116 |
| Grants payable | $0 |
| Deferred revenue | $143,280 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $197,999 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,653 |
| Total liabilities | $615,048 |
| Net assets without donor restrictions | $638,066 |
| Net assets with donor restrictions | $558,072 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,811,186 |